The United States used to be the industrial power house of the world. Its industries generated unprecedented wealth for the country, creating the world’s first self-made billionaires and productive wealth creating jobs galore for everyone. The whole country prospered.

Today, however, the United States has become the world’s second biggest importer of goods. Worse than that, even though America still exports billions of dollars’ worth in oil, consumer goods and automotive products, it imports even more. This creates a trade deficit ($471 billion according to recent figures).

65% of U.S. clothing is imported from China (37%), Vietnam (9.4%), Indonesia (7.2%) and Bangladesh (6.7%).

Probably the saddest part is that even things you thought were “American” are now actually made overseas and imported.

I remember while on a business trip to the US many, many years ago I bought a gift for the young son of a friend of mine. He was a big sports enthusiast so I reckoned that one of the most iconic symbols of sport from America would be a baseball. I bought one in Wal-Mart. It was marked with all the different holding positions for the various ways to throw a baseball (fast ball, curve ball and all that). The perfect gift.

I gave it to him on my return feeling ever so pleased with myself. The kid opened it, showed momentary delight, then looked up at me accusingly. “It says ‘Made in China'” he told me.

But it’s not only baseballs. Similar types of product that you would think are all-American, like Converse All Stars, Levi’s, Huffy bicycles, televisions, Monopoly, Etch-a-Sketch, Radio Flyer wagons, Barbie dolls, and last but by no means least, most of those American flags just ain’t American no more.

It really doesn’t have to be this way. Apple, for example, doesn’t have to become the richest company in the world by manufacturing its products in China and storing its vast hoards of cash overseas.

Or does it?

Everything on the lists above could still be made in the US and surpluses exported to other countries. But the US government and its moronic bureaucrats are spending their time and our money thinking up new ways, not to help American businesses, but to add ever-increasing amounts of rules, regulations and bureaucracy on to American companies.

American businesses can no longer compete, because their own government has ensured that the deck is stacked against them.

In the mind of a bureaucrat losing a million productive wealth creating jobs, for example, in the automotive industry, and replacing them with a million more administrative jobs that cost the country money evens things out.

It doesn’t. Simple math will tell you that. Every time it happens things get worse and America gets poorer.

So America just can’t make it anymore, but not because China has stolen the jobs. It’s because the US government bureaucrats gave them away.